Good moment for Turkey to diversify its gas sources - expert

Good moment for Turkey to diversify its gas sources - expert

Baku, Azerbaijan, June 29

By Elena Kosolapova – Trend:

Turkey now has an appropriate moment to diversify its gas sources, senior fellow in Energy Policy at the Center for Eastern Studies in Warsaw, Agata Loskot-Strachota believes.

“Currently it is quite a good moment to look for new suppliers as global gas prices are low, there is abundance of gas and more and more LNG on the market and so increased amount of gas has increased gas competition,” Loskot-Strachota told Trend by email.

Yet in order to profit on that Turkey would need to be quick and effective in developing new infrastructure: LNG terminals, pipelines and storage facilities, the expert noted.

“And I am not sure if it is succeeding with the primary important step to increase its security of supply - expansion of storage capacities,” she said.

Moreover, Loskot-Strachota said that Turkey seems to have still rather limited LNG import capacities which makes it difficult to profit from new volumes of LNG available from US and Australia on the global level to Qatar on the regional level.

According to BP statistical review, gas consumption in Turkey hit 43.6 bcm in 2015, including 26.6 bcm imported from Russia. Moreover Turkey imported 7.8 bcm from Iran, 5.3 bcm from Azerbaijan, and 7.5 bcm LNG from other sources in 2015. Earlier, Turkish officials have repeatedly talked about the need to reduce dependence on Russian gas.

Loskot-Strachota noted that there was several alternative gas sources which may allow Turkey to reduce its dependence on Russian gas in future, but a number of issues should be solved to meet this goal.

In particular the expert believes an agreement on normalization of relations with Israel signed on June 28 might well serve enabling once Israeli gas exports to Turkey but it is not quite clear yet when and on what conditions it is feasible.

Moreover, there is option of some increase in Azerbaijani gas supplies to Turkey, she said, but then Turkey would be competing here with EU consumers.

Loskot-Strachota also noted that there of course is - although much more distant - option of Turkmen gas supplies - yet it needs sorting out several problems related to constructing optimal route for those gas reaching Turkish market via Caspian Sea or Iran.

In addition the expert believes that the new opening of the West relations with Iran creates longer term chances of increasing Iranian gas supplies to Turkey. But it would require though sorting out rather complicated Turkish-Iranian relations and huge investments in Iran itself, she noted.

Loskot-Strachota also said that to make any diversification of gas supplies in Turkey more effective a reform and liberalization of Turkish gas market would help - as it would enable genuine competition between different suppliers already and potentially reaching Turkish market.

However, the expert noted that there are signals of renewed interest of Turkey in cooperation with Russia and suggestions that Turkish Stream gas pipeline project could be revived - which in consequence rise question if Turkey indeed wants to diminish its dependency on Russian gas, or bets on increased interdependency in gas.

On June 27 Turkish President Recep Tayyip Erdogan sent a letter to his Russian counterpart in which he expressed deep regret for the incident with downed Russian air bomber in November 2015, which led to crisis in relations between two countries, and expressed profound condolences to the family of the Russian pilot who was killed in the accident. In his letter Erdogan also noted that Russia is Turkey’s friend and strategic partner, and the Turkish authorities do not want to ruin relations between the two countries.

Dmitry Peskov, a spokesman for Russian President Vladimir Putin assessed this letter as an important step towards the normalization of relations with Turkey. On June 29 the presidents of two countries held a phone talk and agreed on a private meeting.

Edited By SI

Follow the author on Twitter: @E_Kosolapova

Iran reveals COVID-19 data for October 28
Iran reveals COVID-19 data for October 28
Iran records nearly 7000 new coronavirus cases
Iran records nearly 7000 new coronavirus cases
Iran studies Famotidine as Coronavirus treatment
Iran studies Famotidine as Coronavirus treatment
Loading Bars
SOCAR’s assets, exports not to be damaged from Karabakh conflict
SOCAR’s EBITDA expected to decline in 2020
Destroyed military equipment of the Armenian army - LIST
Latest situation at front line on Oct. 29
OSCE PA to observe parliamentary elections in Georgia
New COVID-12 cases rise sharply in Kazakhstan, total exceeded 111,000
EU moves to avoid COVID shortages, ease trade
Supply of potential COVID-19 vaccines to start in earnest in April: EU's von der Leyen
Brazil reports 158,456 COVID-19 deaths
Hurricane Zeta makes landfall in Louisiana
Surge in coronavirus cases set to shake Asian markets
Iraq reports 4,043 new COVID-19 cases, 463,951 in total
5.6-magnitude quake hits 56 km WSW of Changuillo, Peru
France and Germany plunge back into lockdown as second COVID-19 wave sweeps Europe
Iran has condemned occupation of Azerbaijani territories from very beginning - Iranian Deputy Foreign Minister
Iranian-Azerbaijani relations have developed rapidly in recent years - Azerbaijani president
If Armenia does not withdraw from rest of occupied territories of its own free will, we will drive them away from there as well - President Ilham Aliyev
UNICEF makes statement on Karabakh conflict calling on to protect children
Iran is next to people and state of Azerbaijan - special representative of Iranian President
Karabakh conflict must be resolved within territorial integrity of Azerbaijan - Special Representative of Iranian President (EXCLUSIVE)
Armenia should know that no provocation can hinder Azerbaijan on its way to victory - MoD
Pakistani ambassador condemns Armenia's attack against civilians in Azerbaijan's Barda
Manpower of Armenian Armed Forces destroyed (VIDEO)
Management of Azerbaijani Emergency Situation Ministry arrive in Barda
Azerbaijani artillerymen destroying Armenian troops' manpower (VIDEO)
Armenian troops firing at Azerbaijani civilian population destroyed with precise fire (VIDEO)
Azerbaijani FM holds telephone conversations with OSCE Minsk Group Co-Chairs
First Vice-President Mehriban Aliyeva: Such barbaric attacks show that atrocities of Armenians have no limits (PHOTO)
President Ilham Aliyev receives delegation led by Special Envoy of Iranian President (PHOTO)
Azercell stands by people in Barda!
Pakistan’s National Assembly adopts resolution condemning Armenian aggression
Armenian leadership acts as if it lost its mind - Turkish Foreign Ministry
Azerbaijani FM, US deputy secretary of state hold phone talks
Armenia threatens not only Azerbaijan's energy security - energy minister
Freedom of speech suppression by Armenian lobby in France unacceptable - analyst
Azerbaijan provides footage of Armenian troops, military equipment being destroyed (VIDEO)
Ministry of Emergency Situations staff among civilians killed in Azerbaijan’s Barda
Natural gas supplied to village of Khulo of Georgian Adjara
Turkmen FM takes part in second session of India-Central Asia Dialogue
Children among dead, wounded in Azerbaijan’s Barda due to Armenian terror - chief physician
Armenia responsible for death of Azerbaijani civilians - Turkish presidential administration
Armenians think shelling of cities will force Azerbaijan to end war - Russian expert
Iran unveils volume of loans issued to Golestan Province
Azerbaijan destroys Armenian troops (VIDEO)
Azerbaijan expands list of settlements banned with entry-exit due to COVID-19
'Reporters Without Borders' condemns Armenian online attacks against French TV reporter
SOCAR Turkey may evaluate operational partnership for Aliaga port terminal
Shelling of residential areas in Barda once again exposes Armenia's terrorist nature - MFA
Uzbekistan expects GDP to grow in 2021
State budget of Georgian Adjara to up in 2021
Turkey says export of domestic mining products to Georgia down
Iran’s Bahar Azadi gold coin price starts to fall
Missile attack on Barda once again proves terrorist essence of Armenia - Turkish MoD
President Ilham Aliyev: Blood of Barda residents will not remain unavenged, aggressors will be given decent rebuff on battlefield
Tethys reveals 9M2020 production results at Upper Aptian on KBD-02 sites
Turkmenistan remains main gas exporter to China
France raises import of mining industry products from Turkey in September
Azerbaijan extends special quarantine regime
Iran strongly condemns Armenia's missile attack on Azerbaijan's Barda
Iran's budget reliance on oil sale declines
President Ilham Aliyev: Azerbaijani Army liberated 13 villages of Zangilan, Fuzuli, Jabrayil and Gubadli districts
Azerbaijan Deposit Insurance Fund compensating thousands of closed banks' clients
U.S. goods trade deficit shrinks in September
Amount of licenses issued for setting up enterprises in Iran’s Bushehr Province grow
Renewables to play key role in energy sector's dev't, Iranian expert says
Armenian Army, inept as to collaborate with PKK, slaughtering Azerbaijanis - Turkish Ministry of Defense
Georgian GDG Group to open wine factory in 2021
Georgian metallurgical company Rustavi Poladi sees increase in its income
Uzbekistan, Turkey develop military cooperation
Georgia’s Innovation and Technology Agency provides access to finance for innovative project
Uzbekistan, Tajikistan postpone flights resumption date
Servicemen of Azerbaijani Internal Troops urgently sent to Barda
Armenia does not seek to resolve Karabakh conflict peacefully - US military expert
Industrial gas flow obtained at exploration wells in Uzbekistan
Armenian Armed Forces again fire at Azerbaijan’s Tartar by using Grad multiple rocket launchers
Morocco lowers defense products' import from Turkey
Volume of loans issued to manufacturing enterprises in Iran’s Bushehr Province revealed
Azerbaijan drafting laws on gas supply, energy
EAEU countries export large various fabrics to Turkmenistan
Iran enlarges value of exports from Malayer customs
Azerbaijan confirms 340 more COVID-19 recoveries
General Prosecutor's Office gives update on number of victims as result of missile strike on Azerbaijan’s Barda (PHOTO)
If Armenia continues to attack civilians, Azerbaijan to take adequate measures - Assistant to president
Using mosque in Azerbaijan's Zangilan as pigpen is insult to Muslims - Culture Ministry
Romanian expert says digitalization of economy to improve security of EU's energy system
Armenia used cluster munitions to inflict excessive casualties among civilians in Barda - assistant to Azerbaijani president
Kazakhstan's import from Lithuania increases amid COVID-19
Armenian military group annihilated after failed sabotage attempt in Azerbaijan's Zangilan (VIDEO)
Armenian Armed Forces shelling Azerbaijan’s Tartar again
Azerbaijani Armed Forces take revenge for Barda (VIDEO)
By disseminating disinformation, Armenia trying to divert attention from its war crimes
Azerbaijani Ministry of Emergency Situations continues search, rescue operations in Barda
Uzbekistan’s 9M2020 export of textile products up
Cluster bomb attacks are new act of genocide against Azerbaijani people - President's aide
Azerbaijan eyes increasing private investment in renewable energy sector - minister
Latest situation in Azerbaijan’s Barda as result of Armenian terror (VIDEO)
Branch of Russia's Tatneft in Turkmenistan opens tender for installation work
Georgia to build anchovy fishing boat in Turkey
National Bank of Georgia decides to keep refinancing rate unchanged
Assistant to president invites military attaches to visit Azerbaijan’s Barda
All news